Bright Scholar Education Holdings (Bright Scholar Education Holdings) Inventory Turnover : 69.03 (As of Feb. 2024)

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What is Bright Scholar Education Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bright Scholar Education Holdings's Cost of Goods Sold for the three months ended in Feb. 2024 was $50.0 Mil. Bright Scholar Education Holdings's Average Total Inventories for the quarter that ended in Feb. 2024 was $0.7 Mil. Bright Scholar Education Holdings's Inventory Turnover for the quarter that ended in Feb. 2024 was 69.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bright Scholar Education Holdings's Days Inventory for the three months ended in Feb. 2024 was 1.32.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bright Scholar Education Holdings's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.01.

Bright Scholar Education Holdings Inventory Turnover Historical Data

The historical data trend for Bright Scholar Education Holdings's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bright Scholar Education Holdings Inventory Turnover Chart

Bright Scholar Education Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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26.68

66.81

179.09

166.92

238.48

Bright Scholar Education Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															57.54	70.58	82.13	69.57	69.03

Bright Scholar Education Holdings Inventory Turnover Calculation

Bright Scholar Education Holdings's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	210.581	/ (	(1.01	+	0.756)	/	2 )
=	210.581	/	0.883
=	238.48

Bright Scholar Education Holdings's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	50.013	/ (	(0.714	+	0.735)	/	2 )
=	50.013	/	0.7245
=	69.03

Bright Scholar Education Holdings (NYSE:BEDU) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bright Scholar Education Holdings's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0.7245	/	50.013	*	365 / 4
	=	1.32

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bright Scholar Education Holdings's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0.7245	/	72.488
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bright Scholar Education Holdings Inventory Turnover Related Terms

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Bright Scholar Education Holdings (Bright Scholar Education Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Bright Scholar Education Holdings Ltd (NYSE:BEDU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BSK0:Germany

Address

No. 1, Country Garden Road, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528300

Website

https://www.brightscholar.com

Bright Scholar Education Holdings Ltd operates as an education service provider. The company offers overseas schools, complementary education services, and domestic kindergartens and K12 operation services. The group's overseas K12 education has several K12 schools, art colleges, language training institutions, and summer schools around the world. The complimentary education services segment of the company predominantly includes camp programs, after-school programs, through a network of learning centers in China, as well as international education consulting services. Geographically, the company operates in China which is the key revenue generating market, Canada, United States, and United Kingdom.